USFA did indeed offer the 12/22 in blue and nickel, in all three barrel lengths. I watched them come and go at Davidson's before ordering mine for the whopping sum of $676 in 2009.
I have four USFA's, far fewer than I wanted. Wish I had ordered that Bisley Flat-top .44Spl or .38-40 when I had the chance. Now I have to build one.
Pre-war .44Spl with Nutmeg ivory:
12/22 with one piece walnut.
Rodeo II .38Spl:
Full blue early USPFA .45Colt (below the 12/22):
Bad leadership , all over the place killed a company that made nice revolversand met demand Colt could 'nt . Inthe end rising prices killed them If Colt had put out a stainless revolver like the Rodeo 2 instead of the Cowboy they would have had a winner
Doug Donnelly killed them, not rising prices or anything else. In reality, they should've cost a lot more than they did.
Colt announced a stainless SAA but far as I know, never produced any.